v3.26.1
DEBT (Tables)
3 Months Ended
Mar. 31, 2026
DEBT  
Schedule of debt

Issuance Date

  ​ ​ ​

Principal Amount

  ​ ​ ​

Conversion
Price

  ​ ​ ​

Conversion Option Period
of Exercisability
(from issuance date)

  ​ ​ ​

Maturity Date
(from issuance date)

1/1/2026

$

250,000

$

8.00

210-days

210-days

1/7/2026

228,000

$

1.20

*

Upon Default

365-days

1/13/2026

250,000

$

8.00

210-days

210-days

1/14/2026

100,000

$

8.00

210-days

210-days

1/20/2026

227,150

$

1.20

*

Upon Default

365-days

1/22/2026

250,000

$

1.04

*

Upon Default

365-days

1/27/2026

250,000

$

8.00

210-days

210-days

2/12/2026

228,000

$

1.20

*

Upon Default

365-days

3/30/2026

224,000

$

1.12

*

Upon Default

365-days

$

2,007,150

* The conversion price upon default has been calculated using the VWAP-based conversion price as per the respective agreements. This price may vary depending on the market conditions prevailing on the reporting date.

Non-related party  
DEBT  
Schedule of debt

Description

  ​ ​ ​

March 31, 2026

  ​ ​ ​

December 31, 2025

Secured Promissory Notes

$

1,332,962

$

1,344,610

Small Business Administration Loans

 

902,113

 

904,911

Promissory Note

 

874,985

 

144,985

Vehicle Notes

 

277,054

 

298,439

Seller Notes

 

1,087,868

 

1,097,869

Avanti Notes (Related Party)

 

268,572

 

279,076

Real Estate Promissory Note

 

370,000

 

370,000

Business Loan and Security Agreement

924,478

 

1,056,305

Sale of Future Receipts

2,615,834

 

518,388

Purchase Order Financing

 

172,000

 

Notes Payable

 

2,896,033

 

2,921,033

Total

$

11,721,899

$

8,935,616

Less: debt discount and issuance costs

 

(1,492,901)

 

(657,064)

Less: notes payable, current portion

 

(8,530,688)

 

(7,098,279)

Notes payable, net of debt issuance costs and current portion

$

1,698,310

$

1,180,273